Bank First First Home Bonus Saver Account Summary
Description
Savings Account
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 18.
- For bonus interest, deposit at least $100 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
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Details
Key details
| Product name | Bank First First Home Bonus Saver Account |
|---|---|
| Maximum variable rate | 5.05% p.a. |
| Ongoing interest rate | 5.05% p.a. |
| Base interest rate | 0.05% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 0.05% |
|---|---|
| Ongoing | 5.05% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $100 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.05% p.a., before bonus interest.
- Ongoing: 5.05% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.05% | Whole balance | All balances |
| Ongoing total, conditions met | 5.05% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- Deposit a monthly total of at least $100 and make no withdrawals.
- Deposits must arrive by close of business on the last business day. Withdrawals after that cut-off and before calendar month-end count in the following month. Interest is paid monthly.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Bank First.
- Age 18 or over.
- Only one First Home Bonus Saver Account can be held
- Available to members only
- Only available to first home buyers who have never owned real estate (vacant land or a dwelling) in Australia
- First home buyer who has never owned Australian real estate, including vacant land, one account only. Full balance must be withdrawn and the account closed when a home loan funds. Any separate cashback qualification is not an interest-rate increment.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 27 Oct 2026.